In the Solow Model, Technological Progress Is Assumed to Occur

question 110

Multiple Choice

In the Solow model, technological progress is assumed to occur:

• A) systematically as part of capital accumulation.
• B) randomly outside the system.
• C) systematically as part of increases in output.
• D) systematically as part of increases in investment.

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Definitions:

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Retina

A layer at the back of the eyeball containing cells that are sensitive to light and that trigger nerve impulses that pass via the optic nerve to the brain, where a visual image is formed.

Energy

The capacity to do work, which exists in various forms such as kinetic, potential, thermal, electrical, chemical, nuclear, and others.

Energy

The capacity to do work or produce change, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.